Foreign Exchange

Instrument: USDJPY Order: Sell Entry date: January 27, 2014 Entry price: 102.620 Stop loss: 103.624 Take profit: 100.624 Instrument: AUDJPY Order: Sell Entry date: January 27, 2014 Entry price: 87.774 Stop loss: 90.778 Take profit: 87.778 Instrument: CADJPY Order: Sell Entry date: January 27, 2014 Entry price: 92.330 Stop loss: 93.345 Take profit: 90.345 Instrument: […]

EUR/JPY has recovered slightly from the fall it had last Friday’s session. Now this pair is approaching the pivot point at the level of 140.48 in the today’s Asia session. If the pair manages to make a breakout at that level, the following objectives would be set at levels of 141.22 and 142.49, the latter […]

AUD/USD continues to fall below the 200 day moving average, but with a strong support level of 0.8662 This pair has formed a fractal above the pivot point at the 0.8705 level, which would make this a very strong level. If the aussie manages to break that resistance level, the next bullish target would be […]

Last week was very interesting in the markets because there were significant reversals. For example, the EUR/JPY, which has long been in an equilibrium zone, was able to break out in the direction of the bears. The new biases would continue to be valid for this week. EUR/USD: This pair was able to shrug off […]

There have been interesting developments in the markets as currency trading instruments experience significant reversals. For example, the EURJPY was able to break out in the direction of the bears, after some protracted consolidation phase. The price went below the supply zone of 140.00, and it is expected to continue going down further. EURUSD Dominant […]

At the start of the today’s Asian session, the USD/JPY reacts positively after recovering from the fall had to support the level of 103.00. This pair is about to touch the pivot point at the level of 103.68, but now it is facing resistance at 103.52 level. However, it would be expected to drop to […]

NZD/USD managed to climb in the last hours of the U.S. session yesterday, as this pair was about to touch the support level of 0.8261. Now, the kiwi is finding resistance at the pivot point at the psychological level of 0.8300. If this pair makes a breakout at that level, the next bullish targets will […]

“It is so important in the training for trading to do the right things from the very beginning.” – Norman Welz I recently met someone who doesn’t even know how to trade Forex, though he’d heard the word ‘Forex.’ We were chatting together and he, interestingly, said that when he was ready to do Forex, […]

EUR/JPY found resistance at the 200 day moving average and now this pair is below the pivot point at the level of 141.48. At the start of the Asian session, the pair dropped significantly thanks to the 200 SMA gave strong dynamic resistance. Now, the next bearish objective of EUR/JPY would be the support at […]

AUD/USD has registered a decline from the  level 0.8848 to the support at0.8796 level. Yesterday, the Aussie found resistance at the 200 day moving average near the 0.8880 level, so this pair failed to consolidate above the SMA 200 to further strengthen the bullish trend. Now, the following bearish targets are set at the levels […]